JEPI vs TCV
JPMorgan Equity Premium Income ETF vs Towle Small-Cap Value ETF
Which is better, JEPI or TCV?
TCV has been ahead.
JEPI has a lower expense ratio. TCV led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JEPI | TCV |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.85% |
| AUM | $45.7B | $202M |
| Dividend Yield | 8.16% | 0.59% |
| Holdings | 271 | 105 |
| YTD Return | +5.33% | +23.99%Best |
| 1Y Return | +8.29% | +27.95%Best |
| 3Y Return (annualized) | +10.19% | - |
| 5Y Return (annualized) | +7.54% | - |
| Volatility (annualized) | 7.3%Best | 16.4% |
| Max Drawdown | -6.7%Best | -12.2% |
| $10,000 over 1.2 years | $10,975 | $12,949Best |
| Fund Family | J.P. Morgan Asset Management | Towle |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 20, 2020 | Jul 16, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 17, 2025 to Oct 14, 2026 (1.2 years).
JEPI vs TCV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.2 years both funds cover.
JEPI vs TCV Performance
JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management and Towle Small-Cap Value ETF (TCV) is an ETF from Towle. Over the past year JEPI returned +8.29% while TCV returned +27.95%. Year to date, JEPI is up 5.33% versus a gain of 23.99% for TCV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TCV has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 7.3% for JEPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.7% for JEPI and -12.2% for TCV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JEPI charges 0.35% per year while TCV charges 0.85%. On a $10,000 position that is $35 vs $85 annually, a gap of $50 per year that compounds over a long holding period. On income, JEPI currently yields 8.16% against 0.59% for TCV.
Holdings Overlap
We hold position weights for 121 holdings in JEPI and 51 in TCV, totalling 86.7% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 121 positions we hold weights for in JEPI and 51 in TCV, against full books of 271 and 105.
You are not choosing between two funds in isolation.
Whichever of JEPI and TCV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JEPI or TCV?
JEPI has an expense ratio of 0.35% while TCV charges 0.85%. JEPI is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, JEPI or TCV?
Over the past year JEPI returned +8.29% vs +27.95% for TCV, so TCV leads on 1-year performance. Over the longest common window we track (1 years), JEPI annualized +8.06% vs +24.03% for TCV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JEPI or TCV?
TCV has been the more volatile fund at 16.4% annualized versus 7.3% for JEPI. Worst drawdown: JEPI -6.7% vs TCV -12.2%.
Should I hold both JEPI and TCV?
JEPI and TCV have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JEPI or TCV?
JEPI yields 8.16% while TCV yields 0.59%, so JEPI currently pays the higher dividend yield.
Is TCV better than JEPI?
JEPI has a lower expense ratio. TCV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.